Bought with Continental Properties, Inc.
$1,620,000
$1,695,000
4.4%For more information regarding the value of a property, please contact us for a free consultation.
4063 Herbertz RD Lake Worth, FL 33461
9 Beds
4 Baths
5,880 SqFt
Key Details
Sold Price $1,620,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,880 sqft
Price per Sqft $275
Subdivision Palm Beach Farms Co 7
MLS Listing ID RX-10997031
Sold Date 03/14/25
Bedrooms 9
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1979
Annual Tax Amount $16,606
Tax Year 2023
Lot Size 0.860 Acres
Property Sub-Type Quad Plex
Property Description
Investment Opportunity! Excellent opportunity to acquire a strong cash flowing multifamily asset that is 100% occupied and priced at a 7.5% cap rate. Property consists of (3) duplexes for a total of 6 units on almost an acre of land. Each unit has a similar floor plan comprised of 3 bedrooms and 1 full bath. Upgrades vary by unit and include impact sliders/windows, new ACs (in 4 of 6 units), updated bathrooms/ kitchens, new tile flooring, fresh paint, etc. The exterior was just painted, landscaped, offers plenty of parking, and new exterior lighting. Attached is a brochure with more details.
Location
State FL
County Palm Beach
Community Palm Beach Farms
Area 5700
Zoning RM
Interior
Heating Central, Electric
Cooling Central, Electric
Flooring Laminate, Tile
Exterior
Exterior Feature None
Community Features Sold As-Is
Utilities Available Electric, Public Water, Septic
Amenities Available None
Waterfront Description None
View Garden
Roof Type Comp Shingle
Present Use Sold As-Is
Private Pool No
Building
Lot Description 1/2 to < 1 Acre
Story 1.0
Foundation CBS, Concrete
Construction Status Resale
Schools
Elementary Schools Palm Springs Elementary School
Middle Schools Lake Worth Community Middle
High Schools Lake Worth High School
Others
HOA Fee Include None
Senior Community No Hopa
Restrictions None
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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